Industry: Banking & Finance
Company: Ahli United Bank BSC
Fahad Al Rajaan is the head of
Ahli United Bank (AUB)
, a major commercial and investment banking group providing wealth management, retail, corporate, treasury, offshore and private banking services. The group’s businesses consist of the operations in Bahrain, a wholly owned subsidiary in the UK and associates in Kuwait, Qatar, Oman, Egypt and Iraq.
And Al Rajaan has an appropriately varied list of roles. He is director general of the Public Institution for Social Security (Kuwait); chairman of Ahli United Bank (UK) plc; chairman of Wafra Investment Advisory Group (New York); a board member at
National Industries Group
(Kuwait); and chairman, Ahli United Bank (Egypt).
In total, the bank reported a net profit of $143.5m for the first half of 2009, even against the backdrop of the challenging business environment - global recessionary trends have come with related ripple effects which are increasingly visible in the region.